This chemical is primarily used in organic synthesis as a versatile reagent, particularly in cross-coupling reactions. It serves as a stable and efficient source of the oxetan-3-yl group, which is valuable in pharmaceutical and agrochemical research. The compound is also employed in the development of boron-containing molecules, which are crucial in medicinal chemistry for designing enzyme inhibitors and drug candidates. Additionally, it finds application in materials science for creating advanced polymers and coatings with specific properties. Its trifluoroborate moiety enhances stability and reactivity, making it a preferred choice in various catalytic processes and functional group transformations.